by Tax Watchdog | May 3, 2022 | Blog, Newsletters, The Utah Taxpayer
A Utah city has begun the process of providing a massive tax incentive to build a “walkable” community, which includes a mix of housing, office space, and some retail. South Jordan City has created a new project area just to the west of the existing Daybreak...
by Tax Watchdog | May 3, 2022 | Blog, Publications, Newsletters, The Utah Taxpayer
The second annual Beehive Family Report published by the Utah Taxpayers Association sheds a lot of light on the tax burden the typical Utah family faced in 2021. Policymakers can look to the report to understand the overall burden taxpayers face, as well as the impact...
by Tax Watchdog | May 3, 2022 | Blog, Newsletters, The Utah Taxpayer
Every month the Tax Commission releases its much anticipated update on revenue collections. As has been the case for over five years now, revenue is on a sustainable path. Income tax is well above target at $3.7 billion (+21.2% versus an adjusted target of 7.8%)....
by Tax Watchdog | Mar 30, 2022 | Blog, Newsletters, The Utah Taxpayer
The United States and the State of Utah have an inflation problem. According to the most recent estimate put out by the Bureau of Labor Statistics, prices in the U.S. are rising at a 7.9% annual clip. If one pivots to just the Mountain West, prices are rising at a 9%...
by Tax Watchdog | Mar 29, 2022 | Blog, Newsletters, The Utah Taxpayer
Arizona, Iowa, Indiana, North Carolina, Louisiana – the list of states that are cutting income tax rates is growing day by day. These states also have one thing in common – their income tax cuts dwarf what Utah has done so far. This fact should not be lost...
by Tax Watchdog | Mar 29, 2022 | Blog, Newsletters, The Utah Taxpayer
With cost increases at rates not seen in decades, taxpayers need to be extremely vigilant as government entities begin to form their budgets. Cities and school districts may use inflation and other cost increases to justify increasing property taxes through Utah’s...
